Treasury Secretary Scott Bessent called on Congress Friday to raise the nation’s debt ceiling by mid-July to keep the federal ...

Treasury Secretary Scott Bessent warned Speaker Mike Johnson on Friday to raise the debt ceiling by mid-July, in case the ...

The so-called "X-date" marks when the government could run out of borrowing power and face an unprecedented default without ...

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The government will exhaust resources to pay its bills in August, but Congress will be gone nearly all of that month.

"Therefore, I respectfully urge Congress to increase or suspend debt limit by mid-July, before its scheduled break, to ...

Lawmakers have until August to address the debt ceiling or the US could default on its obligations for the first time ever, ...

The announcement raises the stakes for Republicans, who are tying a $5 trillion debt limit increase to a legislative package.

U.S. Treasury Secretary Scott Bessent has urged Congress to increase or suspend the federal government's debt limit by mid-July to prevent a market crisis. He warned of a possible cash shortfall by ...

"Therefore, I respectfully urge Congress to increase or suspend debt limit by mid-July, before its scheduled break, to protect the full faith and credit of the United States," Bessent wrote.

Treasury Secretary Scott Bessent on Friday called on ... “Therefore, I respectfully urge Congress to increase or suspend the debt limit by mid-July, before its scheduled break, to protect ...